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Rating:XShares' June Moves are in the Headlines Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 08, 2008

XShares' June Moves are in the Headlines Again

by: Erin Kello

News of the turmoil at XShares continues to bubble out of the New York City-based ETF shop. Tuesday morning, Ignites picked up on filings made in mid-June announcing the liquidation of the company's line of Adelante Shares. The move came after XShares raised new cash and named an interim CEO, (see "XShares Makes its Big Announcement", MFWire June 25, 2008). Don Putnam, founder of Grail Partners, told the MFWire in May when the news of the departure of XShares' former CEO, Bill Henson, first broke, "We (Grail) are glad to have him back - and the company (XShares) was glad to have him when he was there." (See "A Rocky ETF Marriage Evolves as XShares Hunts Funds", MFWire May 29, 2008) Putnam also told the MFWire that Grail will consider investing in the current round of funding. 

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